About this property
Key Features
Freehold
Current rent of £22,500 per annum + VAT
Fully let to Central England Co-Operative Ltd
Commercial investment property with prominent frontage
Description
A chance to acquire a prominent single storey commercial investment property, fully-let to an established and high quality tenant.
The property is fully let to Central England Co-Operative Limited funeral care, with the tenant creating the following internal areas:
Reception with large display windows and glazed door to front; Meeting Room with heating/air conditioning unit; Managers Office; Customer Cloakroom with white WC and wash hand basin; Meeting Room 2; Meeting Room 3; Storage Room; Kitchen with a range of modern MDF base and Wall units; Large Lobby; Preparation Room; Cold Store; Further Cloakroom to rear; Rear Store.
Ground floor Sales - 2,349ft² (218m²)
Rear Store and external store - 342ft² (31.78m²)
To the rear of the property is parking for approximately 6 vehicles, together with an electric charging point (installed by the tenant). The rear of the property is accessed via Tan Lane.
Tenure
Freehold subject to tenancy
Location
The seaside town of Caister-on Sea is a popular seaside resort in Norfolk, just east of Norwich and north of Great Yarmouth. The subject property is located just to the south of the main High Street, and less than a mile from the seafront. Caister features a range of local and national occupiers. The property is neighboured by a Nisa Local/Post Office.
VAT
VAT is payable on the purchase price.
Lot Type
Commercial
Tenancies
The property is fully let to Central England Co-operative Limited (who moved to the property from a smaller unit in the town), with a 10 year lease dating from 9th September 2016, to the 8th September 2026. There is therefore approximately 4.5 years remaining on the current lease. The rent is set at £22,500 per annum plus VAT, with no breaks remaining.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Laura Leventhall at Hayes & Storr Solicitors, The Old County Court, Kings Lynn, PE30 5EJ
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�